Crypto
Japan\'s SBI backs Solana to target yen stablecoin and RWA markets
Japan\'s SBI Holdings is partnering with the Solana Foundation to build onchain financial infrastructure targeting Japan\'s real-world asset (RWA) and stablecoin markets. SBI will overhaul subsidiary SBI R3 Japan, renaming it SBI Solana Global, and work with Sumitomo Mitsui Financial Group to pursue a yen-linked stablecoin and tokenisation of assets such as corporate bonds, commercial paper and real estate. SBI says it will keep a multi-chain strategy, with Ripple handling existing payment infrastructure.
